THE M3: GALAXY VIP TABLES; VERSACE/SJM; CPI; SALARY

THE MACAU METRO MONITOR, AUGUST 21, 2013

 

 

GALAXY TO ADD MORE VIP TABLES ON SURGING DEMAND Macau Business

According to deputy chairman Francis Lui Yiu Tung, Galaxy will add 12 VIP gaming tables at its Galaxy Macau casino resort by October.  "I don’t see VIP spending falling dramatically for the rest of this year,” he said.  Lui said the refit of the recently acquired Grand Waldo casino resort, adjacent to the Galaxy Macau, would take six to nine months to complete.  Galaxy hoped to finalize details of its Hengqin Island development in the next “few months”, he said.

 

VERSACE, SJM TO BUILD FIVE-STAR PALAZZO VERSACE IN COTAI Macau Business

SJM and fashion house Gianni Versace SpA will open a five-star Palazzo Versace hotel at SJM’s casino resort in Cotai.  The agreement will be signed at the Grand Lisboa hotel-casino on September 5.  The Palazzo Versace Macau will be the first Palazzo Versace hotel in Asia. 

 

MACAU CONSUMER PRICE INDEX FOR JULY 2013 DSEC

July 2013 increased by 5.38% YoY and 0.43% MoM.  Higher charges for outbound package tours and rentals for dwellings drove up the price index of Recreation & Culture; and Housing & Fuels by 3.01% and 1.03% respectively.

 

MACAU CASINOS EMPLOY MORE WORKERS, SALARIES HIGHER Macau Daily Times

At the end of 2Q, the Gaming Sector had 54,554 full-time employees, up by 5.5% YoY.  In June 2013, the average earnings (excluding bonuses and allowances) of full-time employees stood at MOP18,900, up by 6.5% YoY.